Listed by STRIVE Commercial Real Estate Advisors
$1,055,000
Alta Mere Two Tenant Strip
Details
Property Type Retail
Sub Type Shopping Center
Square Footage 10,000
NOI $106
Occupancy 30%
Tenancy Multi
Lease Type Gross
Pro-Forma Cap Rate 9.00%
Price per SqFt $106
Year Built 1978
Acreage 0.730
Investment Type Value Add
Ground Lease No
Value Add DFW Retail Strip | 31% Occupied
Marketing description
The Alta Mere Two Tenant Strip is a 10,000 square foot retail property located at 3101 Alta Mere Drive in Fort Worth, Texas. The property sits on 0.73 acres and is currently 30% occupied with one tenant, A-Max Insurance Services, creating a significant value-add opportunity. The property is positioned on one of Fort Worth's primary commercial thoroughfares with strong visibility and excellent frontage, surrounded by national retailers, residential neighborhoods, and major employment centers.
Investment highlights
- Significant Value-Add Opportunity with 69% Vacancy: 6,960 square feet of vacant space | Unique opportunity to increase cash flow through lease-up and create substantial value through active asset management.
- Attractive Low Price Point: Offered at just $1,050,000 | The asset provides an accessible entry point for private investors, owner-users, and valueadd operators seeking a retail investment in the Fort Worth market.
- High-Visibility Retail Corridor: Positioned on Alta Mere Drive | One of Fort Worth's primary commercial thoroughfares | Strong visibility, excellent frontage, and convenient access for customers and tenants.
- Multiple Exit Strategies: Investors can pursue several business plans | Flexibility in leasing the vacant space, repositioning the asset for long-term cash flow, occupying a portion of the building as an owner-user, or redeveloping the site in the future.
- Established West Fort Worth Trade Area: Located in a mature and densely populated area of Fort Worth | The property is surrounded by national retailers, residential neighborhoods, and major employment centers that support long-term tenant demand.
- Below Replacement Cost Acquisition: Approximately $106 per square foot | Opportunity to acquire a sizeable retail asset at a basis that is difficult to replicate through new construction, creating downside protection and future appreciation potential.
Listing Contacts
Listed by STRIVE Commercial Real Estate Advisors
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$106.00
$8.83/mo
Valuation Metrics
0
DSCR
0.01%
Cap Rate
0.01%
ROI
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